§ 92060

(a) Funding provided to the University of California in the annual budget act to provide summer term financial aid to any student who is eligible for state financial aid and who is a California resident, including students who receive an exemption from nonresident tuition pursuant to Section 68130.5, shall be suspended on December 31, 2021, unless the condition described in subdivision (b) occurs.

(b) The suspension described in subdivision (a) shall not take effect if the estimates of General Fund revenues and expenditures for the 2021–22 and 2022–23 fiscal years, as determined pursuant to Section 12.5 of Article IV of the California Constitution, that accompany the May Revision required to be released by May 14, 2021, pursuant to Section 13308 of the Government Code contain a determination by the Director of Finance that estimated annual General Fund revenues exceed estimated General Fund expenditures for the 2021–22 and 2022–23 fiscal years by an amount equal to or greater than the sum total of all General Fund appropriations for all programs subject to suspension.

(c) It is the intent of the Legislature to consider alternative solutions to restore the program described in subdivision (a) if the suspension described in subdivision (a) takes effect.

(Added by Stats. 2020, Ch. 25, Sec. 15. (SB 116) Effective June 29, 2020.)